22 Sep 2018 | 9:32 AM
Research Report

Currency Research Report: Daily Forex and IRF Report

The Indian rupee fell against the U.S. dollar on Friday, tracking oil-related dollar purchases by importers. However, volumes remained lower-than-average due to lack of cues, with most global financial markets shut for the New Year holiday. The dollar hovered near a two-week high against a basket of currencies today morning. The index gained roughly 10 percent last year as the Federal Reserve began hiking interest rates for the first time in almost a decade, while the European Central Bank and the Bank of Japan were stuck with very loose monetary policy schemes and expectations of even further easing. The fiscal deficit gap between the government’s expenditure and revenue for 2015-16 was pegged at Rs 5.55 lakh crore for the whole year in the Budget presented by Finance Minister Arun Jaitley in February.
04 Jan 2016 | 09:20 AM